THE FRANKLIN INSTITUTE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$51,159,403
Program Services
42%
Contributions
38%
Government Grants
10%
Other
5%
Investments
4%
Fundraising Events
2%
Membership Dues
0%
Expenses in 2024
$34,570,608
Salaries & Benefits
41%
Depreciation
17%
Other
16%
Offices, Occupancy & IT
11%
Fees to Service Providers
6%
Advertising & Promotion
6%
Grants
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$18,071,665
$19,485,735
+8%
Government Grants
$1,500,000
$4,878,879
+225%
Fundraising Events
$349,061
$923,200
+164%
Program Services
$15,328,047
$21,291,109
+39%
Membership Dues
$0
$0
-
Investments
$2,127,415
$2,239,652
+5%
Other
$2,221,648
$2,340,828
+5%
Total Revenues
$39,597,836
$51,159,403
+29%
Expenses
2023
2024
Change
Grants
$367,693
$370,683
+1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,453,369
$14,291,771
+6%
Fees to Service Providers
$2,624,984
$2,221,866
-15%
Advertising & Promotion
$1,027,412
$1,911,866
+86%
Offices, Occupancy & IT
$3,708,629
$3,944,973
+6%
Interest
$225,850
$292,659
+30%
Depreciation
$5,585,741
$5,989,816
+7%
Other
$4,220,041
$5,546,974
+31%
Total Expenses
$31,213,719
$34,570,608
+11%
Net income
2023
2024
Change
Net income
+$8,384,117
+$16,588,795
+98%
Functional Expenses
Summary
2023
2024
Change
Program
$26,266,172
$29,261,528
+11%
Admin
$3,215,953
$3,474,467
+8%
Fundraising
$1,731,594
$1,834,613
+6%
Total Expenses
$31,213,719
$34,570,608
+11%
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